NOT LISTED FOR SALE

387 Gates Ave Brooklyn, NY 11216

Bed-Stuy Neighborhood

Estimated Value: $2,004,000 - $2,648,000

-- Bed
-- Bath
2,980 Sq Ft
$799/Sq Ft Est. Value

About This Home

This home is located at 387 Gates Ave, Brooklyn, NY 11216 and is currently estimated at $2,380,186, approximately $798 per square foot. 387 Gates Ave is a home located in Kings County with nearby schools including P.S. 305 Dr. Peter Ray, Brooklyn East Collegiate Charter School, and Brooklyn Academy High School.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 7, 2015
Sold by
Gates Avenue Associates Llc
Bought by
Ashe David L and Ashe Erica L
Current Estimated Value
$2,380,186

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Outstanding Balance
$787,324
Interest Rate
3.9%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,592,862

Purchase Details

Closed on
Apr 29, 2013
Sold by
Mattis Bros Inc
Bought by
Gates Avenue Associates Llc

Purchase Details

Closed on
Apr 12, 2010
Sold by
Morgan Desrian P
Bought by
Mattis Bros Inc

Purchase Details

Closed on
Sep 8, 2006
Sold by
770 Equities Inc
Bought by
Desrian Morgan

Purchase Details

Closed on
Aug 24, 2006
Sold by
Hsbc Bank Usa As Trustee
Bought by
770 Equities Inc

Purchase Details

Closed on
Oct 31, 2005
Sold by
Cohen Esq As Referee Jerome D Mr
Bought by
Hsbc Bank Usa As Trustee

Purchase Details

Closed on
Mar 17, 2004
Sold by
Russell Robert
Bought by
Schroy Henry

Purchase Details

Closed on
Oct 3, 2003
Sold by
Roberson Dennis and Roberson Joan
Bought by
Russell Robert

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$460,000
Interest Rate
5.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 21, 1996
Sold by
Landmark Equities Corp
Bought by
Roberson Joan and Roberson Dennis

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$169,700
Interest Rate
7.82%
Mortgage Type
FHA

Purchase Details

Closed on
Aug 8, 1995
Sold by
Robinson Harold M
Bought by
Landmark Equities Corp
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Ashe David L $1,700,000 --
Ashe David L $1,700,000 --
Gates Avenue Associates Llc $215,000 --
Mattis Bros Inc $420,000 --
Mattis Bros Inc $420,000 --
Desrian Morgan -- --
Desrian Morgan -- --
770 Equities Inc -- --
770 Equities Inc -- --
Hsbc Bank Usa As Trustee $1,000 --
Hsbc Bank Usa As Trustee $1,000 --
Schroy Henry -- --
Schroy Henry -- --
Russell Robert $275,500 --
Russell Robert $275,500 --
Roberson Joan $170,000 Commonwealth Land Title Ins
Roberson Joan $170,000 Commonwealth Land Title Ins
Landmark Equities Corp $21,500 --
Landmark Equities Corp $21,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ashe David L $1,000,000
Closed Ashe David L $1,000,000
Previous Owner Russell Robert $460,000
Previous Owner Roberson Joan $169,700
Closed Schroy Henry $0
Source: Public Records

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,199 $141,600 $21,600 $120,000
2024 $6,199 $111,840 $21,600 $90,240
2023 $5,914 $98,820 $21,600 $77,220
2022 $5,484 $108,300 $21,600 $86,700
2021 $3,687 $91,020 $21,600 $69,420
2020 $1,828 $95,220 $21,600 $73,620
2019 $3,635 $89,580 $21,600 $67,980
2018 $5,125 $25,139 $5,915 $19,224
2017 $4,994 $24,497 $7,258 $17,239
2016 $2,023 $10,118 $3,113 $7,005
2015 $1,220 $10,118 $4,066 $6,052
2014 $1,220 $10,040 $4,839 $5,201
Source: Public Records

Map

New York Kings County Brooklyn 11216 Bed-Stuy

387 Gates Ave, Brooklyn, NY

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